Rohit Jawa on Tuesday assumed the role of Managing Director and Chief Executive Officer at Hindustan Unilever Ltd (HUL), a leading FMCG company.
Jawa has taken over from Sanjiv Mehta, who retired after the company's annual general meeting.
Mehta handed over the responsibilities to Jawa, who was previously appointed as an Additional Director and CEO-Designate from April 1 and officially assumed the position on June 26.
Mehta had been in leadership for nearly a decade and had a long association with the company spanning over 30 years.
Shareholders approved the appointment of Jawa as a Whole Time Director and the Managing Director & CEO of HUL during the meeting.
As per the company's annual report, Jawa's annual remuneration for FY24 is expected to be Rs 21.43 crore, along with mobility-linked allowances of Rs 4.83 crore. Before this role, Jawa served as the Chief of Transformation for Unilever in London.
He initially joined HUL as a management trainee in 1988 and has a successful track record in driving business results across India, South East Asia, and North Asia.
Mehta took over as MD & CEO of HUL in October 2013.
In a LinkedIn post, Mehta said, "HUL is an emotion that has been a big part of me for the last ten years, a sentiment that my wife Mona Mehta and I will forever cherish. The memories we have made and the friendships we have forged will always have a special place in our hearts".
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